Formula Grant VA36P01250126

The U.S. Department of Housing and Urban Development's Public and Indian Housing Office awarded the Chesapeake Redevelopment & Housing Authority (CRHA) $1,444,979 through the Public Housing Capital Fund (CFDA 14.872) formula grant, with an award date of April 1, 2026, and a performance period extending through March 31, 2030. The Capital Fund provides financial assistance to approximately 2,770 Public Housing Agencies nationwide serving nearly one million units across all 50 states and territories. Under this award, CRHA will utilize the funds for capital and management activities including public housing modernization, development, infrastructure improvements, and financing activities as specified in 24 CFR Part 905 and approved within the agency's 5-year Action Plan.

Eligible activities funded through this grant encompass development activities that add to or significantly reconfigure CRHA's public housing inventory, modernization of existing public housing units, management improvements, energy efficiency upgrades, emergency repairs, and debt service payments for standard and mixed-finance developments. The award amount is calculated through HUD's established formula methodology based on factors such as CRHA's public housing unit count, building age, and construction costs, rather than through competitive application. CRHA must comply with 2 CFR 200 Uniform Administrative Requirements, maintain accurate inventory data in HUD's Information Management System, and submit an annual Capital Fund certification to support the program's formula-based allocation process.